Sources: Broadcom CEO Hock Tan held 11th-hour talks and agreed to higher rates and loan guarantees to secure bank participation in the $63B Anthropic debt deal (Wall Street Journal)
The deal, announced on Monday, is the biggest ever to raise money for AI infrastructure — Hock Tan was running out of patience.
We haven't written up this one. Techmeme has the full story — the link below goes straight to it.